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Firm Capital Property Trust closes $8.5M MHC deal, advances $218M portfolio acquisition in Canada

Company Fundamentals
06 May 2026
GlobeNewsWire
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Bullish
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Firm Capital Property Trust has completed the acquisition of a 50% stake in a 103-site Manufactured Home Community (MHC) in Didsbury, Alberta for $8.5 million, strengthening its presence in Western Canada. The Trust is also progressing with the purchase of a 50% interest in a larger portfolio of 10 MHC properties totaling 1,649 sites across Alberta and Saskatchewan for $218 million, expected to close in Q2 2026 pending regulatory approvals. These acquisitions, done jointly with SunPark Communities, align with the Trust's strategy of capital preservation and stable income through investments in manufactured home communities. This expansion positions Firm Capital as a significant player in the Canadian MHC market with a growing portfolio.

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